Tag: SenseTime Group

  • SenseTime and China Unicom Partner to Enhance AI Infrastructure

    SenseTime and China Unicom Partner to Enhance AI Infrastructure

    SenseTime revealed today that it had entered into a strategic cooperation agreement with China Unicom during the 2024 China Unicom Partner Conference, which took place on July 19-20. The collaboration will span across areas such as digital communications, industrial digital transformation, AI infrastructure, computing service systems, and global computing supply, aiming to establish a robust foundation for the AI industry’s growth.

    Focus on AI Infrastructure

    Per the agreement, the companies will engage in various collaborative efforts within the realm of large language models (LLMs) to enhance their AI infrastructure and make it available as a service to the industry.

    The partnership leverages both companies' resources to co-develop LLMs. Yang Fan, co-founder of SenseTime and president of the Large Device Business Group, stated that the computing power and data would be utilized to bolster their AI infrastructure. This initiative aims to lower the cost and barriers for implementing AI in different products. According to a report, this should enable more individuals to carry out AI research and innovation effectively, fostering the sustainable development of the AI industry.

    Combining Strengths for Better Results

    Discussing the synergy between operators and AI firms, Yang Fan highlighted that AI companies excel in technical platforms and software capabilities, whereas operators have the advantage of extensive scenario coverage. The collaboration between these entities is expected to significantly enhance the development of LLMs.

    Last month, SenseTime announced its intention to issue Class B shares, raising HK$2.008 billion. This funding has seen participation from multiple investors and leading international companies, with existing shareholders also increasing their stakes. The capital is reportedly earmarked for AI research and the creation of software products that benefit from such research.

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  • SenseTime Introduces Yuanluobo AI Chess Robot Go Edition in Japan

    SenseTime Introduces Yuanluobo AI Chess Robot Go Edition in Japan

    SenseTime Introduces Yuanluobo AI Chess Robot to Japanese Market

    SenseTime, a leading Chinese AI company, has brought its groundbreaking "Yuanluobo AI Chess Robot" to the Japanese market. Originally launched in China in June last year, this innovative robot is specifically designed for the ancient game of Go (Weiqi) and is expected to revolutionize the way the game is played and learned in Japan.

    Bridging Tradition and AI in the World of Board Games

    Go, an ancient Chinese abstract strategy board game, lies at the heart of Yuanluobo's technology. With a history dating back over 2,500 years, Go is one of the oldest continuously played board games. The objective of the game is to surround more territory than the opponent, making it a game of strategic depth and complexity. Notably, Go gained significant attention from major tech companies when Google's AI program Alpha Go defeated a human Go world champion in 2016, marking a significant milestone in AI development. Go is classified under combinatorial game theory alongside chess, checkers, and Othello due to its deterministic strategy and perfect information.

    An Adaptive Learning Experience

    The AI Chess robot by Yuanluobo stands out for its ability to customize the initial chess skill levels and progressively unlock more challenging levels. This unique feature allows players to engage with the robot at over 20 different skill levels, offering a versatile and adaptive learning experience for Go enthusiasts of all proficiency levels.

    Embracing Cultural Significance

    The introduction of the Yuanluobo AI Chess Robot into the Japanese market is a strategic move that acknowledges the rich historical ties between China and Japan in the realm of Go. Mr. Shi Jun, Vice President of SenseTime Technology and President of the Asia-Pacific Business Group, emphasizes the cultural significance of this move, viewing it as a continuation of the long-standing cultural exchange between the two countries.

    Pricing and Availability

    Starting from January 5, 2024, the AI-powered chess robot will be available at various locations across Japan, including Go clubs, Go classrooms, Takashimaya department stores, and Amazon.

    While the pricing details for the Yuanluobo AI Go robot in Japan are currently uncertain, in China, it is available in two versions. The standard version is priced at 3,799 yuan (US$531), while the premium version, which includes a case and power bank, is priced at 4,999 yuan ($699).

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  • CEO’s Untimely Demise Causes SenseTime Group Stock to Plummet

    CEO’s Untimely Demise Causes SenseTime Group Stock to Plummet

    The Unexpected Loss of Tang Xiao’ou Raises Questions about the Future of SenseTime

    The tech industry in China mourns the untimely passing of Tang Xiao’ou, a renowned figure and co-founder of SenseTime Group. Tang’s death not only leaves a personal void but also raises concerns about the future of SenseTime, a company once hailed as a symbol of China’s AI capabilities.

    Tang Xiao’ou, in addition to being a co-founder, was the main shareholder of SenseTime. This unfortunate event has had a significant impact on the company’s stock values, which have plummeted to their lowest point since going public at the end of 2021. It serves as a harsh reminder of the vulnerabilities that tech giants face in the absence of their visionary leaders.

    The Challenges of Maintaining Direction and Vision

    Tang’s passing sheds light on the challenges that arise when a key figure is lost. SenseTime has made a commitment to carry on Tang’s legacy by focusing on their foundational goals and aspirations. This determination is crucial as the company navigates through a period marked by declining profits and challenging market conditions, further exacerbated by allegations of questionable accounting practices.

    Adapting and Innovating to Stay Relevant

    SenseTime’s journey reflects the broader narrative in the tech world, where companies must continuously adapt and innovate to remain relevant. The company is diversifying its portfolio, venturing into generative AI as a new frontier. This strategic pivot not only serves as a response to Tang’s passing but also aims to keep pace with the ever-evolving tech landscape.

    A True Test of Resilience and Adaptability

    In the aftermath of Tang’s death, SenseTime finds itself at a delicate point in its timeline. The company’s ability to uphold Tang’s vision while navigating these turbulent times will be a true test of its resilience and adaptability. As SenseTime strives to maintain its reputation and continue advancing its technology, the tech community closely observes, recognizing that adaptability and vision are key to long-term success in the dynamic world of AI.

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